Engineering Technology & Applied Science Research, Journal Year: 2025, Volume and Issue: 15(1), P. 20433 - 20439
Published: Feb. 2, 2025
Saudi Arabia, as one of the world’s leading oil producers, faces critical challenges in transitioning to sustainable economic growth. The heavy reliance on exports, coupled with rapid urbanization and environmental degradation, underscores urgent need for green growth strategies tailored Kingdom’s unique socioeconomic context. This study aims investigate factors influencing Green Growth Index (GGI), which measures growth, analyze short-term long-term relationships between key variables such technology diffusion, carbon emissions, financial development, GDP per capita, urbanization. research employs Autoregressive Distributed Lag (ARDL) model assess effects various explanatory GGI, considering both immediate delayed impacts. also incorporates an Error Correction Model (ECM) evaluate dynamics equilibrium adjustments. It is found that diffusion technologies positively influence GGI short term, while CO2 emissions are linked run. However, development negatively impacts long capita has no significant effect. ECM indicates major drivers, other show minimal short-run influence. paper provides new insights into by highlighting roles urbanization, technologies, offering valuable policy implications development. findings contribute understanding complex shape term.
Language: Английский